- The Big Picture - http://www.ritholtz.com/blog -
Sequestration Impact on Top 10 US Military Contractors
Posted By Barry Ritholtz On March 18, 2013 @ 12:00 pm In Markets,Trading,Valuation | Comments Disabled
Here’s a little surprise: The top military contractors have all been doing pretty well since Sequestration hit.
I know what you’re thinking: They already got hit in anticipation of Sequestration. Only they didn’t.
Boeing (BA) and Oshkosh OSK are near 52 week highs, while United Technologies (UTX) and McKesson (MCK) 20% are at all time highs. (Table below)
So much for the impact of these government cutbacks on Military contractors . . .
Chuck Hagel on defense budget cuts under sequestration: ‘We’re adjusting to the realities’ (NBC )
The case for the sequester’s defense cuts (WonkBlog )
McKeon ‘Very Concerned’ About Sequester’s Military Impact (Washington Wire )
TOP 10 US Military Contractors Performance since March 1
Lockheed Martin LMT 5%
Boeing BA 10% 52 week highs
General Dynamic GD 3%
Raytheon RTN 5%
United Technologies UTX 3.40% All time highs
SAIC Inc SAI 5%
L-3 Communications LLL 3%
BAE Systems BA:L N/A
Oshkosh Corp OSK 5.70% Near 52 week highs
McKesson Corp MCK 4.20% All time highs
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/03/top-10-us-military-contractors-performance-since-sequestration/
URLs in this post:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/military-contractors.png
 NBC: http://nbcpolitics.nbcnews.com/_news/2013/03/01/17150556-chuck-hagel-on-defense-budget-cuts-under-sequestration-were-adjusting-to-the-realities?lite
 WonkBlog: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/26/the-case-for-the-sequesters-defense-cuts/
 Washington Wire: http://blogs.wsj.com/washwire/2013/03/01/mckeon-very-concerned-about-sequesters-military-impact/
Copyright © 2008 The Big Picture. All rights reserved.